According to a market research study published by The Insight Partners, demand analysis of Electric water heater market on a global scenario was valued at US$ 14,078.4 Mn in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period, to reach US$ 21,478.7 Mn by 2027. Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric storages water heater comes in two product types, such as storage electric water heater and non-storage water heater. The electric storages water heater used where the electric element provides heating, and they are used in homes and businesses. While the non-storage water heater includes an instantaneous water heater, which heats the water instantly, such types of heaters are best suited for homes. It can lessen water heating costs by half as it is able to adjust the amount of electricity required to warm up the water.
The growing construction activities and development of the building infrastructure are driving the electric water heating demand across commercial establishments in the European countries. On the other hand, demand for solar water heaters is rising among the South American and the Middle East and African countries. Several governments in these regions are subsidizing on procuring solar power water heaters, which is enabling the individuals to adopt the same quickly. Also, governments are creating awareness related to the benefits of solar power, such as renewable and environmentally friendly energy.
The List of Companies
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bradford White Corp.
- Whirlpool Corporation
- Haier Inc.
- Midea Group
- Bosch Thermotechnology
- Siemens AG
- Viesmann Group
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The report includes an inside and out valuation concerning the future progressions depending on the past information and current conditions of the market. It gives a comprehensive perspective on the worldwide Automotive Robotics market to settle on astute choices with respect to future changes. The examination group has researched administrators, central participants on the lookout, topographical fracture, item type, and its depiction, and market end-customer applications. It gives assessed deals income from every single section alongside every district. The report includes essential and optional information which is introduced as diagrams and pie graphs for better arrangement. The general report is introduced in a powerful way that includes a fundamental framework, arrangements, and certain realities according to reassurance and cognizance.
PDF Sample Report covers Research Requirement, also including impact analysis of COVID-19 on Automotive Robotics market.
Major by Component of Automotive Robotics Market Research report:
- Storage
- < 30 Litres
- 30 - 100 Litres
- 100 - 250 Litres
- 250 - 400 Litres
- 400 Litres
- Non-storage
Application Automotive Robotics Market Research Report:
- Residential
- Commercial
- Industrial
Key Offerings:
- Market Size & Forecast by Revenue | 2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors.
Automotive Robotics Market Regional and Country-wise Analysis:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
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Key Factors covered are:
- To characterize, portray, and check the Automotive Robotics market based on product type, application, and region.
- To estimate and inspect the size of the Automotive Robotics market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
- To estimate and inspect the Automotive Robotics markets at country-level in every region.
- To strategically investigate every sub-market about personal development trends and its contribution to the Automotive Robotics market.
- To look at possibilities in the Automotive Robotics market for shareholder by recognizing excessive-growth segments of the market.
Key Highlights & Touch Points of the Automotive Robotics Market Worldwide for the Forecast Year 2028
- Broad data on variables that will enhance the development of the Automotive Robotics market over the forthcoming years
- Precise assessment of the worldwide Automotive Robotics market size exact assessments of the forthcoming patterns and changes saw in the customer conduct
- Development of the worldwide Automotive Robotics market across the North and South America, Asia Pacific, EMEA, and Latin America
- Data about Automotive Robotics market development potential
- Top to bottom investigation of the business' serious scene and itemized data opposite on different merchants
- Outfitting of itemized data on the elements that will control the development of the Automotive Robotics markets
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